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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: KFE who wrote (1311)	3/28/2000 3:10:00 PM
From: OX	Read Replies (2) \| Respond to of 2317

>>>When you enter an order between the bid/asked in a thinly traded option good point Ken. I don't think I was very clear in my original reply... on a momemtum move of the underlying for legging in/out, I did mean to take the ask if buying and bid if selling. just last wk I did just this (and, as I said, a lot of praying), where I was the only volume on the 2 option series I was rolling. It was only 10 contracts each leg, but the prices were above $60 per (I forgot about the $10 and under rule or I wouldve thot twice before legging myself :-) I picked my time and did better than splitting the B/A. was it worth the risk? I don't know, I think I was bored at the time :-) of course a lot of this depends on the underlying, etc. etc. it's often difficult to give opinions to a general strategy given the myriad of variations and conditions. btw, I am not recommending legging in/out of positions